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All About The Effects Of Not Implementing The Budget Of A Country.

In most cases the budget of a country is held annually, and so it needs to exist to enable a country to grow in all aspects of development. Businesses contribute a lot in mobilizing financial resources to implement the budget. Therefore the state must come with defined methods to ensure that businesses have performed well.

By way of paying tax to the government agencies mandated to collect tax then the developments are done and the services are provided. Paying tax is for both the individual persons and the business itself and this happens within the prescribed time. Failure to pay tax as prescribed outlining the deadline date leads to punishment by way of penalty. However this being the only way to enhance payment of taxes, the state should come up with tax incentives to encourage people to pay tax. Many people will create a lot of interests of buying shares from a company tax for the dividends is less. One of the motives of the shareholders is maximizing on the return in the form of the dividends paid after a certain period. Take the case where the state charge high tax rates on dividends this has the effect of not having many people buying shares.

Some projects budgeted they are not all that benefit the people but some of are always favorable. Any state that does not consider the taxpayers benefitting in a greater way it denies justice to them. Renting or having a house of own is something that seems impossible to some people. In the budget that any government comes up with should include building of affordable houses to those who are unable to have one. This has got a lot significant in that it helps to improve the economy of the country because they have shelter under the roof. It should not be that people will be left with a lot of accumulated loans that finance the affordable housing project.

The fact that health is paramount, the government should consider having strong measures to battle health problems. The the government setting sum of money can counter health problems and diseases of people in the budget. The the government should set money for diseases that come unawares and affects many people at the same period. The country cannot develop at such whereas people are suffering from certain diseases.

Any state rely on the revenue from the tourism sector because it plays a key role. The archaeological sites are built by the government that set money aside when budgeting. These sites have always the effect of attracting tourists every now and then hence a source of income to the government.

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